Operational Gains for g.beyond AG Amid Accounting Changes

In its latest Q2 report, g.beyond AG, formerly NuWays AG, unveiled a mixed financial performance. Adjusted sales grew by 2% year-over-year to €44.4 million, while overall reported sales saw a decline of 6.1% due to an accounting shift under IFRS 15. The Consulting segment led the growth with a 12% rise in sales to €15.2 million, resulting in a significant increase in gross margin. Conversely, Managed Services' sales dropped by 14.9% year-over-year.

The company's Q2 EBITDA surged by 24.2% to €2.7 million, propelled by operating leverage and efficiency improvements despite costs linked to SAP integration. Additionally, funds from the Plusnet transaction were used to reduce liabilities, albeit skewing FCF figures. Looking ahead, guidance remains firm with a targeted sales range of €184-190 million and a possible M&A deal on the horizon.